According to reports the two golf powerhouses of golf in China are to arrange a meeting to try and stop a prize money contest in China. Tenniel Chu a golf tycoon is worried about upsetting the worlds golfing authorities by staging non sanctioned events and attracting top golfers with high dollar appearance money offers, let alone the massive total prize money.
TENNIEL Chu has called for a cap on prizemoney in China to safeguard the sport’s traditions after a sudden surge in rich tournaments threatened to spark a purse war.
The golf tycoon was speaking after an extraordinary month, when players visiting China took home $US19.5 million ($19.55m) in prizemoney, including golf’s biggest winner’s cheque, along with millions of dollars in appearance fees.
“The last thing we want is to blow up expectations, given the (recent) appearance fees and purses,” Chu, whose family owns China’s Mission Hills golf resorts, said during last week’s World Cup at Hainan Island, won by the US team of Matt Kuchar and Gary Woodland. “China has deep pockets but the last thing we want to do is to raise financial expectations to levels which are non-proportional to tradition and established events.”
I was very interested to hear that Ping have stored away in a vault 2600 gold putters. As we are a golf equipment company ourselves, I think it is great idea.
Ping (of the famous Ping Golf Clubs) have gone overboard with the idea of golden putters. Apparently, for every Ping putter that produces a win on tour, the company creates a gold plated version of the same model that was used by the player.
Over the years, this has meant that over 2,600 Gold Plated putters and clubs have been created and they are all stored in the same vault. Golfing legend Seve Ballesteros alone is said to have a record 46 gold plated clubs inside the safe. While most of the clubs inside are putters, in 1986, Bob Tway holed a bunker shot see off the challenge of Greg Norman in the USPGA Championship – and Solheim honoured the shot by making a gold-plated wedge and storing it in the Putter Vault.